TMI BlogResident of a Contracting StateX X X X Extracts X X X X X X X X Extracts X X X X ..... ent, as the case may be. 2. A shell or conduit company that claims it is a resident of a Contracting State shall not be entitled to the benefits of paragraph 4A or paragraph 4C of Article 13 of this Agreement. A shell or conduit company is any legal entity falling within the definition of resident with negligible or nil business operations or with no real and continuous business activities carried ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re on operations in that Contracting State is equal to or more than S$ 200,000 in Singapore or Indian Rs. 5,000,000 in India, as the case may be: (i) in the case of paragraph 4A of Article 13 of this Agreement, for each of the 12-month periods in the immediately preceding period of 24 months from the date on which the gains arise; (ii) in the case of paragraph 4C of Article 13 of this Agreement, f ..... X X X X Extracts X X X X X X X X Extracts X X X X
|